May 30, 2014
Buyers want things today, but this is hard in an industry where things take time to make.
The below content was distributed by the Editor of Corporate Jet Investor, Alasdair Whyte, through the Corporate Jet Investor One Minute Week weekly newsletter. It has been posted with permission.
Corporate Jet Investor - One Minute Week No. 170
We live in an age where people want instant gratification. We download books to Kindles, watch movies on Netflix and read newspapers (and leading business jet websites) online.
The same is true for people who buy business jets (especially the bit about websites). This is a fundamental change, but one that is easy to miss.
Many of the world’s great old houses were built by Victorian entrepreneurs who were happy to spend years building and furnishing their houses. They would then wait for their gardens to grow. This behaviour is rarer now.
Leading estate agents say that the majority of high value properties in London – ones over $100 million – are sold with furnishings included. “When I started in this business I assumed that the ric...